https://www.taxtmi.com/article/detailed?id=12183 The Income Tax Department reminded taxpayers that December 31, 2023 is the final deadline to file belated or revised ITRs and that any filed ITR must be verified within 30 days. The Finance Act, 2022's updated returns provision allows filing of updated returns after the belated-ITR deadline. Interest on late payments accrues at 1% per month or part thereof, and penalties under section 234F apply with tiers linked to taxable income; ITR Forms 1 and 4 were notified for the next assessment year for taxpayers within specified income ceilings. en-us Mon, 01 Jan 2024 07:19:37 +0530 Mon, 01 Jan 2024 07:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12183 The Income Tax Department reminded taxpayers that December 31, 2023 is the final deadline to file belated or revised ITRs and that any filed ITR must be verified within 30 days. The Finance Act, 2022's updated returns provision allows filing of updated returns after the belated-ITR deadline. Interest on late payments accrues at 1% per month or part thereof, and penalties under section 234F apply with tiers linked to taxable income; ITR Forms 1 and 4 were notified for the next assessment year for taxpayers within specified income ceilings. Articles Income Tax Mon, 01 Jan 2024 07:19:37 +0530 https://www.taxtmi.com/article/detailed?id=12183